{"id":138189,"date":"2024-09-30T17:00:28","date_gmt":"2024-09-30T14:00:28","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=138189"},"modified":"2024-09-30T15:16:15","modified_gmt":"2024-09-30T12:16:15","slug":"upcoming-october-token-unlocks-could-release-1-3-billion-in-crypto","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/upcoming-october-token-unlocks-could-release-1-3-billion-in-crypto\/","title":{"rendered":"Upcoming October Token Unlocks Could Release $1.3 Billion in Crypto"},"content":{"rendered":"<p>Kicking off on October 1, Sui will <strong><a href=\"https:\/\/token.unlocks.app\/sui\" rel=\"nofollow\">unlock<\/a><\/strong> 64.19 million tokens valued at approximately $108 million, representing 2.4% of its circulating supply. These tokens will be distributed to early investors, contributors, and community reserves. In anticipation of the release, <strong><a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/sui\/\">Sui\u2019s value<\/a><\/strong> increased by nearly 8% over the past week and surged 110% in the last month, likely due to the Grayscale Sui Trust launch and Circle\u2019s upcoming USDC integration.<\/p>\n<p><strong><a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/aptos\/\">Aptos<\/a><\/strong> plans to <strong><a href=\"https:\/\/token.unlocks.app\/aptos\" rel=\"nofollow\">release<\/a><\/strong> 11.3 million tokens on October 11, equivalent to about 2.2% of its supply and worth around $91 million. However, APT has faced some price fluctuations, reaching a high of $8.5 recently before falling to approximately $7.9.<\/p>\n<p>On October 30, <strong><a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/celestia\/\">Celestia<\/a><\/strong> will <strong><a href=\"https:\/\/token.unlocks.app\/celestia\" rel=\"nofollow\">see<\/a><\/strong> the largest unlock, distributing 175.56 million tokens, which accounts for about 82% of its circulating supply. The tokens will go to early backers and investors. Celestia recently raised $100 million, boosting its total funding to $155 million. Following this news, TIA\u2019s price jumped 14% to $6 but later settled around $6.<\/p>\n<p><div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1\">Read More:<\/h5>\n    <a class=\"article row post-138185\" href=\"https:\/\/cryptodnes.bg\/en\/binance-pool-unveils-new-merged-mining-with-ltc-and-doge-rewards\/\" title=\"Binance Pool Unveils New Merged Mining with LTC and DOGE Rewards\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/07\/binance-2-1-240x170.png\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">Binance Pool Unveils New Merged Mining with LTC and DOGE Rewards<\/h4>\n        <\/div>\n    <\/a>\n<\/div>\n<\/p>\n<p>In addition to these significant unlocks, smaller distributions are expected from projects like Immutable and Arbitrum. The influx of tokens could exceed $3 billion, potentially impacting market dynamics. The Token Unlocks team highlights the importance of staying informed amid the anticipated changes in the market.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Several cryptocurrency projects are set to make substantial token releases next month, notably Celestia, Sui, and Aptos, with a combined distribution of around $1.3 billion to their respective ecosystems.<\/p>\n","protected":false},"author":3,"featured_media":80383,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[24],"tags":[385,108,372],"coin_category":[],"class_list":["post-138189","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-altcoins","tag-arbitrum","tag-price","tag-sui"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Upcoming October Token Unlocks Could Release $1.3 Billion in Crypto<\/title>\n<meta name=\"description\" content=\"Several cryptocurrency projects are set to make substantial token releases next month, notably Celestia, Sui, and Aptos, with a...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptodnes.bg\/en\/upcoming-october-token-unlocks-could-release-1-3-billion-in-crypto\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Upcoming October Token Unlocks Could Release $1.3 Billion in Crypto\" \/>\n<meta property=\"og:description\" content=\"Several cryptocurrency projects are set to make substantial token releases next month, notably Celestia, Sui, and Aptos, with a...\" \/>\n<meta property=\"og:site_name\" content=\"CryptoDnes EN\" \/>\n<meta property=\"article:published_time\" 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